It’s hard to estimate the labor market returns of college, concludes a new Aspen Institute report.
A Harvard graduate who becomes a teacher may earn less than a community college-trained engineer or nurse. A bachelor’s in history may have little market value — till it’s used to earn an MBA.
An associate of arts degree has no stand-alone market value, but it can be a low-cost step to a four-year degree that raises earnings.
Career-tech students — especially adult workers — improve their earnings even if they don’t finish their community college programs.
The Onion reports on Maryland senior Kevin Grant, who doesn’t realize that rejection by his first-choice college means his future is over.
“It sucks, but the good news is I did get accepted to Rutgers and Maryland, which are both really solid schools,” said Grant, somehow managing a smile even though his inability to attend his top-choice university has obliterated any possibility he will ever get into a good graduate school, embark on a satisfying career, or make enough money to support himself, let alone a family. “Tufts was probably a long shot, anyway, but I’m still glad I applied.”
“I’m sure I’ll be happy wherever I end up,” added the student destined for a life of limited opportunities, unending frustration, and bitterness.